CapLinked Raises $900K From A-Listers To Crush AngelList*

CapLinked, a startup that describes itself as
"LinkedIn-meets-Salesforce for private investing" has announced
they've raised $900,000 from a-list angels like Peter Thiel and
Dave McClure.

Eric Jackson, the Founder and CEO of CapLinked, is a PayPal alum
and so raised money from the PayPal mafia.

The startup wants to provide "a platform to connect" businesses
and investors and helping them raise money. CapLinked says
already two companies have raised money through their platform.

It looks like they're trying to take on AngelList, the platform
for raising early stage money which is making waves these days. A
for-profit AngelList sounds like a good idea: helping investors
invest is a time-honored and lucrative business model. But
AngelList is a marketplace, and as such has network effects: the
more buyers there are the more sellers there are and vice versa,
so it's going to be hard for CapLinked to catch up with
AngelList, which has many startups, angels and VCs addicted.

Update: CEO Eric Jackson writes in the
following:

We think AngelList is a great service and we aren’t trying to
“crush” them. In fact, our two services are very different and in
many ways complementary.

AngelList is a service for matching tech entrepreneurs with
potential investors, who can then make a decision about whether
or not to invest. CapLinked, by contrast, is a platform for
sharing private and sensitive information. We give entrepreneurs
CRM tools to manage private deals and make the due diligence
process easier for companies, investors, and their advisors. And,
once the investment is made, companies can use our site to send
ongoing updates to their investors and other stakeholders.